Building owner CarrAmerica Realty Corp. of Washington, DC refuses to disclose the average quoted rent or the aggregate value of the lease. But its Web site shows the rent as $20.50 per sf to $21.50 per sf.
At an average $20 per sf, that would give the Allmerica lease an estimated aggregate value of $10.6 million. A CarrAmerica spokesperson tells GlobeSt.com that figure is incorrect but wouldn't offer a better estimated value.
The 150,000-sf building is one of five mid-rise office buildings totaling 656,000 sf in a master-planned, 38-acre office park in the Central Perimeter submarket.
Allmerica is the holding company for a diversified group of insurance and financial services companies.
In a printed statement, James Johnson, vice president of corporate real estate, says the property's location "offers excellent visibility for us and is convenient for our customers and employees."
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